Buying a home is a big step, so many homeowners are also taking into account the eventual resale of the property. If you want to add value to a home so that it becomes a profitable investment, taking on a number of construction projects can help you add value in specific areas of your home. Here are the top three you should consider.
The bathroom may be small in many homes, but it can be a mighty player in the overall value of your home. A complete bathroom remodel that updates fixtures, lighting and flooring won’t cost you as much as a complete remodel of a kitchen, but it will provide a great selling point to potential buyers.
People want to feel comfortable and relaxed in the bathroom, so design and color is just as important in a bathroom remodel as updating all the fixtures. Light colors and sleek materials are often your best choices.
If you have an unfinished basement, the best way to add a lot of value to your home is to transform it into a finished basement. You have a variety of options on how this could be done. Many people finish off the walls and simply have a one large room for games, watching television or entertaining. Other homeowners choose to utilize this space by adding multiple rooms, such as an extra bedroom, bathroom and living area.
A basement renovation doesn’t have to be fancy, either. Installing a home theater or a wet bar, for example, may not translate into added value on a resale because not every potential homeowner will be looking for these types of amenities.
New windows can add a lot of value to a home, especially if you are moving into an older home that hasn’t had windows replaced in the last decade. New windows provide two ways to add value to your property. The first way is by changing the look and feel of the home. With new windows, you can choose the look and design of the home by changing the frames, the size of the windows or the amount of light the windows let in during the day.
The second way that new windows can add value to a home is by helping to improve your home’s efficiency. Old windows can have a lot of air leaks, particularly if the window was not installed correctly in the first place. New windows can help your heating and cooling systems be more efficient, and they can help you use the natural power of the sun to better control a room’s temperature.
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